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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 15, 2013
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budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and withhat: you're history. instead of looking behind... delta is looking beyond. 80housand of us investing billions. in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. >> the federal budget is a visit expected to shrink this fiscal year after four years of deficit of $1 trillion of ex
budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer...
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May 20, 2013
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 16, 2013
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 17, 2013
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
SFGTV2: San Francisco Government Television
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we do have a structural budget deficit in the city. we need to determ balancing of n a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the deferred maintenance on our infrastructure. we have a lot of infrastructure that has been deteriorating because we have not maintained properly. that includes roads, sewer systems, muni. we need to be much more diligent about maintaining our infrastructure. some of the big citywide issues that impact the district include transportation. we had more muni service and some other districts. it is not always reliable. some of the major bus lines in the district are not reliable. we have major projects like the renovation of delores park. it is an oppor
we do have a structural budget deficit in the city. we need to determ balancing of n a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the...
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like our deficit problems and, that, you s would be the biggest sin, potentially to come of this, right? >>t is unfortunate this is happening. as one was said when it comes to abuse of presidential power, obama's turning out to be t president that nixon aspired to be. i mean, this is really unfortuuate. neil: on a side note, you mention the nixon thing how does this compare to watergate or what you know of so f? way early in the process but some are citing the oddity of this is all 40 years almost to the day of watergate hearings. >> i was a little kid on capitol hill when all of this developed. neil: sure. >> from day to day you didn't know what was going to, shoe was going to fall next and it spread and it spread and prty soon it was like a whole scenario. neil: i remember, that was supposed to be a left-wing cabal against a republican president. >> so who knows. this is unfortunate there are huge problems facing the country. none of them is being addressed. a lot of cans are being kicked and the budget is more important. cbo is just as blame worthy of distracting the attention of con
like our deficit problems and, that, you s would be the biggest sin, potentially to come of this, right? >>t is unfortunate this is happening. as one was said when it comes to abuse of presidential power, obama's turning out to be t president that nixon aspired to be. i mean, this is really unfortuuate. neil: on a side note, you mention the nixon thing how does this compare to watergate or what you know of so f? way early in the process but some are citing the oddity of this is all 40...
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May 13, 2013
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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>> i thought they don't care about the deficit. we've stabilized it for a decade, i hear. >> it's coming down, jerry. it's dropping to 4% gdp. >> spend, spend, spend, hooray, hooray. >> by the way, it's 2.1% in 2014. >> it's never supposed to be that low again. >> so, right, look, as far as the -- i want a budget in the following sense, sloging through all these continuing resolutions where you kind of do everything by patchwork and you run into cliffs an debt ceilings, it's far from optimal for the real economy. that said, i think you got a good point this is not a group that will put together coherent budget. they can't come together with regular aura and have a smooth trajectory. >> i'm going to make a forecast here. the gop message with these investigations, whether it's the irs or benghazi or the secret wiretapping of the phone records for the a.p., these are the evils of big government and the evils of government overreach. jared, you will hear this term, government overreach, time and time again. >> i don't disagree. >> the
>> i thought they don't care about the deficit. we've stabilized it for a decade, i hear. >> it's coming down, jerry. it's dropping to 4% gdp. >> spend, spend, spend, hooray, hooray. >> by the way, it's 2.1% in 2014. >> it's never supposed to be that low again. >> so, right, look, as far as the -- i want a budget in the following sense, sloging through all these continuing resolutions where you kind of do everything by patchwork and you run into cliffs an...
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May 16, 2013
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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May 19, 2013
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insteadf what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. it's very difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade education has an equal effect of reducinghe deficit in government. that is not only wrong but it's stupid. the reality that a high skilled immigrant, one with a college education pays aut $30,000 more in taxes thanhey take in benefits. a low educated immigrant one with high school degree or less does exactly thepposite. though will take about $30,000 more in benefits than they pay in taxes. the essence of this bill is saying that it's going to take 11.5 million illegal immigrants that on average education of tenth grade and giving them access to 80 different welre programs, obamacare which is go
insteadf what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. it's very difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 16, 2013
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deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush, dropped under clinton, grew under bush. how weather is the reaction to this? john boehner said nothing. and others say it's a report of out of scroll spending even though it's the opposite. and the g.o.p. will get together to vote to repeal obama-care for the 37th time. let's go to pat in world world news. >> thank you for having me. >> john: we did work with this president. we did help to bring the deficit down together, our policies are working. have you heard any reaction from "b" this? has this humbled an
deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush,...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
SFGTV2: San Francisco Government Television
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the following year of 14-15, is about $256 million deficit. so, we plan for two years, but we'll meet every year just to talk through it. and then we're doing really well on our employment. we have about a 6.3 unemployment rate. so, it's gone down another big percentage point. i want to keep driving that down. my goal is to get to the 5 or even below. that means a lot more people have jobs and create their own destinies. and i need to have that happen because government can't do everything. we'll do the gaps. we'll help, of course, with our seniors, our low-income families, our children need us to provide the programs. but we have to invest really smartly these days. and i think if there's any theme that all of us are working hard on is how to properly invest as our city totally recovers. and many of you will talk to us about the proper thing that we want to invest in that have long-term economic and social benefits for all of us. but i want to thank the supervisors for being here, but most importantly, thank all of you for coming out on this
the following year of 14-15, is about $256 million deficit. so, we plan for two years, but we'll meet every year just to talk through it. and then we're doing really well on our employment. we have about a 6.3 unemployment rate. so, it's gone down another big percentage point. i want to keep driving that down. my goal is to get to the 5 or even below. that means a lot more people have jobs and create their own destinies. and i need to have that happen because government can't do everything....
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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but instead of cutting their spending and cutting the deficit is what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion those that really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no is going down the tubes because politicians keep spending money they don't have keep making promises to spend money to people that need money or that it has for money deficit spending that's where they should be addressing things that's the brill problem in europe and that's what they should be trying to do something about. well some politicians might be sneaking their money away but they still want to know about everybody else's stability here or not so you will look at how the prospering and independent online currency bit coin as a worried us government building a war of bureaucracy that is coming up shortly here we're not see. for now though a
but instead of cutting their spending and cutting the deficit is what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion those that really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no is going down the tubes because politicians keep...
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brit government is trying to create image running programs in were concerned budget deficits by simply slashing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state dade untied were ever money all this we were still without a big deficit so that's why i insist that it is and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that is all or recent decisions from that part of the greek government such as the decision to lay off pensions thousands of servants. of the that the very big weight reduction should be in the private sector that will start tomorrow so there are real aspects of the brink of the government's economic policy of policy it's the quality of recession the m.f. demands that greece remains to go to other policies that will simply made even worse the humanitarian disaster we are already facing and which was described in your reports just. and of course you can find more stories online at r.t. dot com includi
brit government is trying to create image running programs in were concerned budget deficits by simply slashing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state dade untied were ever money all this we were still without a big deficit so that's why i insist that it is and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that...
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regards tried to create an image running programs in we're concerned budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if that were extended paid on time whatever money he owes we were still have a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that it all or recent decisions from that part of the greek government such as the decision to lay off tens of thousands of public servants of the that the very big wage or reduction in the private sector that will start tomorrow so there are real aspects of it a brick of the government's economic policy a policy if you're one of the recession the amity demands that greece remains to go to other policies that will simply make even worse the humanitarian disaster we are already facing and which was described in your reports just. despairs growing at america's gone time obey prison where detainees have been on
regards tried to create an image running programs in we're concerned budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if that were extended paid on time whatever money he owes we were still have a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that it all...
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british government is trying to create an image running programs in budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state paid on time whatever money he owes we were still . a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement i'm not a real improvement on the other hand all that is all the recent decisions from the back of the greek government such as the decision to lay off for tens of thousands of public servants of the. very big wage reductions that private sector with more or so although they realize bits of the government's economic policy are full as well as the recession the i.m.f. demands that greece remains to go with it. that will simply make even worse this humanitarian disaster we are already facing and which was described . this is r.t. you can find many more stories online at r.t. dot com including maybe close your eyes dressed to impress british billionaire and a virgin bos
british government is trying to create an image running programs in budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state paid on time whatever money he owes we were still . a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement i'm not a real improvement on the other hand all that is all the recent...
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because in the reality what has been described as i mean rosemond in terms of budget deficits just their results or the continuing stock but payments from the part of the greek state the greek state owes in what they meant more than eight billion euros just delays being thing contracts that innocent lives are now but now a recent international monetary fund my staple i'm sort of jump in there very quickly but it but a recent i.m.f. statement demanded that greece remain devoted one hundred percent to its austerity program to tell us this can the greeks endure it. no in no way that the i.m.f. demands that greece remains to go to a policy that will simply made even worse the humanitarian disaster we are already facing in which was this break your reports just before so what happens if i thin stars begin to fail to meet the terms of its ballot well the greek government tries to meet the nominal terms of the bailout agreements interest or budget cuts or reducing the public investment or laying off or preparing for thousands of public servants and sex workers or making extremely dangerous deci
because in the reality what has been described as i mean rosemond in terms of budget deficits just their results or the continuing stock but payments from the part of the greek state the greek state owes in what they meant more than eight billion euros just delays being thing contracts that innocent lives are now but now a recent international monetary fund my staple i'm sort of jump in there very quickly but it but a recent i.m.f. statement demanded that greece remain devoted one hundred...
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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but instead of cutting their spending and cutting the deficit is what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion those that really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no they're going down the tubes because politicians keep spending money they don't have to keep making promises to spend money to people that need money or that it has from money no it's massive deficit spending that's where they should be addressing things that's the real problem in europe and that's what they should be trying to do something about. thank you for joining us here on r.t. today the recent flurry of diplomatic efforts to end the violence in syria sees the u.n. chief meet the russian president on friday a lot of person has already held talks with the u.s. secretary of state and the british and israeli leaders. going off has been followi
but instead of cutting their spending and cutting the deficit is what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion those that really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no they're going down the tubes because politicians keep...
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. >> there's some good news in the year's budget deficit. it is now projected to come in well below what was estimated just a few months ago. congressional budget office study released predicted 2013 budget deficit of 642 billion, more than 200 billion below its february estimate. while the recovering economy is producing greater revenues, and proving deficit figure also reflects the accumulating effect on prior round of spending cuts, mostly reducing down day-to- day agency budgets, and january's tax hike on welfare earners. >> apples i tunes is closing in on an miles doa milestone to. its 50 billion app download. >> apple will surprise a lucky down motor with a $10,000 app stored gift card. the exit people will get a $500 gift card. and if you're hoping to win the prize, i tunes as the countdown ticker on its web site, try to time in your favor. the winner is expect to be named sometime today. [ female announcer ] the one for all. mcdonald's dollar menu, home of the meaty, melty mcdouble you love... and now love two more tastes, the bold h
. >> there's some good news in the year's budget deficit. it is now projected to come in well below what was estimated just a few months ago. congressional budget office study released predicted 2013 budget deficit of 642 billion, more than 200 billion below its february estimate. while the recovering economy is producing greater revenues, and proving deficit figure also reflects the accumulating effect on prior round of spending cuts, mostly reducing down day-to- day agency budgets, and...
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May 13, 2013
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so as this budget deficit shrinks, and it is significantly lower than it was at this time last year, as that shrinks, the treasury's going to be issuing less debt which means the fed might not have to buy quite as much to get interest rates where it wants them. liz: so what's next, larry? >> well, i mean, if this budget deficit continues to shrink and treasury issuance continues to slow, it's possible the fed would reduce some of that buying. now, not a huge amount. not enough that everyone's going to say, oh, the fed is backing out. liz: everybody or to -- it might be to the markets, or it might be for the markets. it might have s.a.t. alert here, sliewb rouse or positive effect if, for example, it shows that maybe this economy is finally getting sort of a bit healthier and, therefore, we don't need to prop it up with that much medication? >> well, if that's the reason, then it is a good thing long term if the data continues to improve. i think there's still a big if. the economy be is growing very slowly, and there has been improvement in the unemployment picture, but it's still, i
so as this budget deficit shrinks, and it is significantly lower than it was at this time last year, as that shrinks, the treasury's going to be issuing less debt which means the fed might not have to buy quite as much to get interest rates where it wants them. liz: so what's next, larry? >> well, i mean, if this budget deficit continues to shrink and treasury issuance continues to slow, it's possible the fed would reduce some of that buying. now, not a huge amount. not enough that...
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laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was taught brevity is the soul of wind and i tried to right things as long as they need to be. we look at the difference between the typical immigration scenario and reported in the paper the facts on labor statistics from immigrants and higher than native-born and out of the research literature and that is arithmetic. >> that is a complicated at all. >> what is the correlation between high school college degree is it petraeus agrees and employment levels? is there one. >> no question as your education goes up the unemployment rate goes down and skills are at a premium in the global economy. lou: 11 million immigrants more
laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was...
SFGTV2: San Francisco Government Television
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May 19, 2013
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. >> we are in our fifth year of major budget deficits. it is inevitable that we will make painful cuts. so how do we do it in a way that will minimize the impact on every day san franciscans? >> i really appreciate what you're doing here. you are a really patient gentleman, and i appreciate that. >> our parks are often cut first. how do we maintain our safety net, public health services, security services? all of these are critical decisions that have to be made. >> i have seen many people come forward today who i know whose lives have changed because of the services we are providing. that is something that we can be proud of and have a as a goal at the budget process to make sure that we can turn lives around and create a liveable communities. >> if we do not resolve the pension issue, we will have to cut. we will see fewer options for muni. we will see the parks deteriorate. i think the tide is rising. we have to figure out how to swim very quickly. >> for those of us on the board, i know many of us have young ben was in the city. i kno
. >> we are in our fifth year of major budget deficits. it is inevitable that we will make painful cuts. so how do we do it in a way that will minimize the impact on every day san franciscans? >> i really appreciate what you're doing here. you are a really patient gentleman, and i appreciate that. >> our parks are often cut first. how do we maintain our safety net, public health services, security services? all of these are critical decisions that have to be made. >> i...
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we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so well. this predent mig be saved. by comparison it is doing bter than it was. richard nixon was not so fortunate. >> i think you bring up a good point with looking at nixon and lousy economy. that probabl had a lot to do with the lousy economy. i don't think that scandal in washington affects our markets that much, if it did, i am sure we would not be as well off as we are, scandals in washington have been happening since washington, it is important we remember that what creates strong economies are jobs and government working with citizens to build its economy. >> what if people question that go
we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so...
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ok so according the most recent seaview analysis our deficit is shrinking fast we really don't have a deficit problem it's fallen by six hundred billion dollars a lot of it thanks to obamacare which brought health care costs lower by forty nine billion dollars new york times has a new analysis out now all this this report about the deficit comes as austerity is being pushed more and more by conservatives and even some democrats new york times analysis found that analysis found that quote the nation's unemployment rate would probably be nearly a point lower roughly six point five percent had washington not cut spending or raise taxes as it has since two thousand and eleven and here's a graphic coming up showing the comparison between unemployment rates with and without us austerity right there. so why isn't it time to pull back from the austerity here. in the first way we start with that is to redefine your misuse of the term now you just read the quote and it said two things they cut spending and raise taxes the tax hikes were significant and they were real the cuts were nominal when
ok so according the most recent seaview analysis our deficit is shrinking fast we really don't have a deficit problem it's fallen by six hundred billion dollars a lot of it thanks to obamacare which brought health care costs lower by forty nine billion dollars new york times has a new analysis out now all this this report about the deficit comes as austerity is being pushed more and more by conservatives and even some democrats new york times analysis found that analysis found that quote the...
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it budget deficits by simply slicing the public investment and continuing continuously delaying the state statements about its directions so in reality if if the greek states. were every monday all those with which they have. this it's so that's why they insist that it does i mean listen it is an attempt to remain within the norm in the . sense not to improve it. so will the real aspects of the. government's agreement the least of all this is the one the recession the very big question the elephant is a room of this size of greek debt. as you know bailout agreements ireland in reality they have increased. that and during an astonishing six years of recession is also having a harrowing consequence so is sizing greece which used to be the lowest rate in euro are rising rapidly mostly among the middle class troublingly people have taken their lives in public hanging or shooting themselves or even self-immolation while politicians and economists shuffle the figures as the people of greece spain the price with their livelihoods and their futures their healthcare sector is one of the was told b
it budget deficits by simply slicing the public investment and continuing continuously delaying the state statements about its directions so in reality if if the greek states. were every monday all those with which they have. this it's so that's why they insist that it does i mean listen it is an attempt to remain within the norm in the . sense not to improve it. so will the real aspects of the. government's agreement the least of all this is the one the recession the very big question the...
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where does the optimus stand while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the figure so that's why the european union but for the greek people though is the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple by the end of the year one expert says no matter how the number is set up now the money will still have to be repaid. this is. better these would. be better value for sure example better and so if you're going. to be the bully and during an astonishing six years of recession is also having a harrowing consequence so is science in greece which used to be the lowest rate in europe are rising rapidly mostly among the middle class troublingly people have taken their lives in public hanging or shoes. themselves or even self-immolation while politicians and economists shuffle the figures as the people of g
where does the optimus stand while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the figure so that's why the european union but for the greek people though is the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple...
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sam trans is operating with a deficit, annual deficit. we're pulling money out of reserves in order to continue to operate our bus and repair transit services and meet our obligations here in san mateo county. >> reporter: but things don't have to come to a stop for cal train. one of the agency's original architects and the man whose name sits on the cal train hub says they really need a short term situation. until they join the 21st century. if they can't pony up money, what about a tax, they say. >> the advantages were there to prove it. we're in a remarkable area in california where the people do really understand how transportation and the economy works. >> reporter: but will voters pull the trigger on the tax increase for cal train. he says they have done polling and the two thirds vote required in each county may fly in san francisco orn'k san mateo. but it appears quite unlikely in santa clara. >> going to have to curb your enthusiasm here. even in san francisco polls show the tax would be close to passing, no guarantee. so the rea
sam trans is operating with a deficit, annual deficit. we're pulling money out of reserves in order to continue to operate our bus and repair transit services and meet our obligations here in san mateo county. >> reporter: but things don't have to come to a stop for cal train. one of the agency's original architects and the man whose name sits on the cal train hub says they really need a short term situation. until they join the 21st century. if they can't pony up money, what about a tax,...
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succeeded in bringing down the country's budget deficit other figures show the greek economy is still in a tailspin as. explained. it's been three years says greece was gran's at its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full year before it needed rescuing starting with the country's g.d.p. an indicator of the standard of living that's plummeted almost fifty billion euros in the last three years while government data has surged by forty five percent so where do the optimists sound while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the sets by the european union but for the greek people though of the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's
succeeded in bringing down the country's budget deficit other figures show the greek economy is still in a tailspin as. explained. it's been three years says greece was gran's at its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full...